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1. Explain the difference between centralized and decentralized operations and give an example of each....

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Accounting

1. Explain the difference between centralized and decentralized operations and give an example of each.

2. List the advantages (5) and disadvantages (2) of decentralization

3. What is responsibility accounting?

4. Define and explain the components of the three (3) responsibility centers

5. Define Transfer pricing and name the three (3) approaches, explain each

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